| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.1B | 8.0% | 38.7% |
| Op. Income | $530M | $485M | $363M | 9.4% | 46.1% |
| Gross Margin | 60.6% | 59.5% | 61.2% | 1.1pp | -0.6pp |
| Net Margin | 33.7% | 32.3% | 28.4% | 1.4pp | 5.3pp |
| EPS (Diluted) | $0.39 | $0.35 | $0.24 | 11.4% | 62.5% |
| Free Cash Flow | $423M | $369M | $92M | 14.5% | 358.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $575M |
| GROSS PROFIT | $884M |
| R&D Expenses | $230M |
| Selling & Marketing | $98M |
| General & Administrative | $26M |
| SG&A Expenses | $124M |
| Other Expenses | $0 |
| Operating Expenses | $354M |
| Cost & Expenses | $929M |
| OPERATING INCOME | $530M |
| Interest Income | $32M |
| Interest Expense | $0 |
| Other Income/Expenses | $56M |
| INCOME BEFORE TAX | $586M |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | $492M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $492M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $492M |
| D&A | $18M |
| EBIT | $530M |
| EBITDA | $548M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $575M |
| GROSS PROFIT | $884M |
| R&D Expenses | $230M |
| Selling & Marketing | $98M |
| General & Administrative | $26M |
| SG&A Expenses | $124M |
| Other Expenses | $0 |
| Operating Expenses | $354M |
| Cost & Expenses | $929M |
| OPERATING INCOME | $530M |
| Interest Income | $32M |
| Interest Expense | $0 |
| Other Income/Expenses | $56M |
| INCOME BEFORE TAX | $586M |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | $492M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $492M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $492M |
| D&A | $18M |
| EBIT | $530M |
| EBITDA | $548M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $492M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $67M |
| Deferred Income Tax | -$59M |
| Other Non-Cash Items | -$28M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $434M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$534M |
| Sales/Maturities of Investments | $441M |
| Other Investing Activities | -$250.0K |
| NET CASH FROM INVESTING | -$103M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $772.0K |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $423M |
| Net Change in Cash | $302M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $2.5B |
| Net Receivables | $780M |
| Inventory | $1.9B |
| Other Current Assets | $168M |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $163M |
| Goodwill | $269M |
| Intangible Assets | $104M |
| Long-Term Investments | $62M |
| Tax Assets | $706M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $352M |
| Short-Term Debt | $0 |
| Deferred Revenue | $624M |
| Other Current Liabilities | $317M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $461M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $160M |
| TOTAL NON-CURRENT LIABILITIES | $673M |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $52M |
| Net Debt | -$1.2B |
